Title
Gehebelte und inverse Exchange Traded Funds: Funktionsweise und Modellierung langfristiger Renditen (German Edition),Used
Delivery time: 8-12 business days (International)
Diplomarbeit aus dem Jahr 2011 im Fachbereich BWL Investition und Finanzierung, Note: 1,3, Freie Universitt Berlin (Finanzierung), Sprache: Deutsch, Abstract: Seit Ihrer Entstehung im Jahr 2006 erfreuen sich gehebelte sowie inverse Exchange Traded Funds (ETFs) uerster Beliebtheit und ihr Marktvolumen ist in den letzten Jahren kontinuierlich angestiegen. Gehebelte und inverse ETFs versprechen, wie ihr Name bereits verrt, ein Vielfaches der Tagesrenditen eines Basisindexes. Investoren sehen in ihnen deshalb ein kapitalschonendes und einfaches Instrument, an den Gewinnen aber auch Verlusten eines Referenzportfolios zu verdienen. Gerade in jngster Vergangenheit mussten Investoren aber feststellen, dass die kumulierten Renditen dieser Fonds langfristig teils erheblich von den vervielfachten Renditen der Basisindizes des gleichen Zeitraumes abwichen. Auf den ersten Blick knnte fr die schlechte Performance ein vermeintlich hoher Tracking Error verantwortlich sein. Der Tracking Error ist Anlegern ein Indikator dafr, wie gut ein Fonds seinen Basiswert repliziert. Dennoch ist der Tracking Error dieser Fonds verhltnismig gering und es ist vielmehr die Ausgestaltung dieser Fonds selbst, die langfristig zu einer hohen Renditeabweichung fhren kann. Die vorliegende Diplomarbeit erklrt die Funktionsweise gehebelter und inverser ETFs und analysiert auerdem die langfristigen Renditeaussichten dieser ETFs. Dabei wird insbesondere auf den Zusammenhang der langfristigen Performance dieser ETFs und der langfristigen Performance der Basisindizes eingegangen. Darber hinaus wird gezeigt, wie fr die Prozesse der Basisindizes dieser Fonds ARMAGARCH Modelle angepasst werden knnen, um den langfristigen Zusammenhang der Renditen in einer empirisch getreuen Umgebung genauer zu untersuchen.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.